Two Sigma Securities LLC Boosts Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Two Sigma Securities LLC grew its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,219 shares of the company’s stock after acquiring an additional 709 shares during the quarter. Two Sigma Securities LLC’s holdings in Golden Entertainment were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its stake in Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after buying an additional 1,144 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Golden Entertainment by 16.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company’s stock valued at $243,000 after purchasing an additional 1,085 shares during the period. Trexquant Investment LP purchased a new position in Golden Entertainment in the 4th quarter valued at approximately $256,000. Intech Investment Management LLC purchased a new position in Golden Entertainment in the fourth quarter valued at $288,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Golden Entertainment by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock worth $325,000 after buying an additional 3,037 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Stock Performance

NASDAQ GDEN opened at $26.20 on Wednesday. The company has a market capitalization of $692.60 million, a P/E ratio of 21.13 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment, Inc. has a 1-year low of $22.66 and a 1-year high of $35.49. The business has a 50 day moving average price of $27.26 and a 200 day moving average price of $30.49.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 3.82%. Golden Entertainment’s dividend payout ratio is currently 59.88%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GDEN shares. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JMP Securities lowered their target price on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 17th. Macquarie restated an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, Jefferies Financial Group boosted their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.